ECB forecast suggests 'we won't see mechanical rate hike the way we've gotten used to'
The Hard Shoulder · Newstalk
March 16, 20236m 49s
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Show Notes
The ECB today have gone ahead with increasing interest rates by 0.5%. The decision has gone ahead even as the tense atmosphere in the banking system continues. Yesterday Swiss banking giant Credit Suisse shares dropped 30% and subsequentially soared this morning after it announced it would be borrowing 53.7 billion from the Swizz Central bank.
Kieran was joined by Economist Austin Hughes to discuss...